The Ministry of Planning and Investment (MPI) has been asked to explain to the National Assembly why ODA (official development assistance) loans have reached a total of VND600 trillion, twice as much as the amount approved by the NA.

Vietnam is still under big pressure to call for capital for domestic debt swap, with 50 percent of domestic debts expected to reach maturity in the next three years, according to the World Bank.

VietNamNet Bridge - To curb the public debt, Vietnam needs to cut public spending, including the downsizing of civil servant staff.

The third session of the 14th National Assembly (NA) spent the entire Friday morning discussing the (revised) draft Law on Public Debt Management, for the first time.

 VietNamNet Bridge – Stringent regulations regarding foreign loans are influencing the disbursement of loans committed by lending organisations to carry out projects in Viet Nam, 

VietNamNet Bridge – Increased growth, reduced spending and less debt guarantees are the solutions as rising public debt and its repayment exerts a lot of pressure on the Government, 

Associate Professor Tran Hoang Ngan, a member of the National Assembly Economics Commission, tells the Giao duc Viet Nam e-newspaper that he is confident the Government will implement in full the Politburo Resolution on managing public assets

 VietNamNet Bridge – The second session of the National Assembly yesterday continued with debates on a five year financial plan, targets and orientation for the mobilisation and use of loans as well as public debt management during 2016-2020.

 VietNamNet Bridge – Top lawmakers meeting Saturday urged stricter financial discipline and better public debt management consistent with international standards.

 The National Assembly (NA) on October 20 heard Government reports on the economic restructuring plan and the management of public debt during the 2016-20 period.

VietNamNet Bridge - National Assembly’s deputies think that it is necessary to set up public debt clocks in the central areas of large cities.

VietNamNet Bridge – The State Audit Office of Viet Nam (SAOV) has announced the official figure of the 2014 public debt at more than VND2.28 quadrillion, yet hinting that it might have reached higher than that.

 VietNamNet Bridge – State Audit of Vietnam will expand its scrutiny into other areas next year, including land and natural resources.

VietNamNet Bridge - If public debt increases by VND385.375 trillion as estimated, Vietnam’s total public debt would climb to VND2,993 trillion, or 64 percent of GDP.

 VietNamNet Bridge – Earlier this week, Prime Minister Nguyen Xuan Phuc, who has been in his post for three months, asked his cabinet to be pioneers in practising thriftiness and cutting spending.

 Non-performing loans (NPLs) as of the end of May accounted for 2.78 percent of the entire banking system’s total outstanding loans.

 The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism.

Debt owed by provinces and cities is poised to increase steadily in the coming years as the Government will boost its on-lending of foreign loans and reduce budget allocations for projects using ODA and preferential loans in provinces.

VietNamNet Bridge - The changes in debt structure, caused by the government's borrowing from domestic sources, and the rapid increase in total debts are two significant items included in the public debt bulletin.

VietNamNet Bridge - A series of huge projects developed by economic groups belonging to the Ministry of Industry and Trade (MOIT) have reported losses worth trillions of dong of the state’s money.